Huang: move to California

Jensen Huang said on April 12 that people should “move to California,” rejecting the idea that rich founders should leave the state over taxes. (timesofindia.indiatimes.com) Huang made the remark at a Stanford event with Representative Ro Khanna and former national security adviser H.R. McMaster, according to a Bloomberg report cited by The Times of India. He said California has “the highest taxes in the world,” then added that he was “perfectly fine” with that tradeoff. (timesofindia.indiatimes.com) The comment lands as California’s proposed billionaire tax keeps splitting Silicon Valley. The Times of India said the ballot proposal would impose a one-time 5% levy on billionaires’ net worth, while Huang argued the state’s talent pool and tech ecosystem still outweigh the cost. (timesofindia.indiatimes.com) At the same time, investors are debating whether Nvidia can keep converting the artificial intelligence boom into the same pace of growth. CNBC reported on February 24 that Nvidia gets roughly 90% of its revenue from data center products and that Alphabet, Amazon, Meta and Microsoft were expected to spend nearly $700 billion combined on artificial intelligence expansion in 2026. (cnbc.com) That spending wave is the core of Nvidia’s case and the core of the skepticism around it. CNBC said some investors fear the industry is overbuilding data centers, which would hit Nvidia harder than rivals because the company dominates advanced chips used to train and run large language models. (cnbc.com) Huang used Nvidia’s March 16 developer conference in San Jose to argue demand is still accelerating. He said purchase orders for Blackwell and Vera Rubin systems could reach $1 trillion through 2027, up from the company’s earlier $500 billion opportunity estimate for those chip generations. (cnbc.com) Michael Burry has taken the other side of that trade. TheStreet reported on April 11 that Burry said in a Substack post that he added to a bearish Nvidia position with January 2027 put options at a $115 strike price and kept earlier $100 strike puts. (thestreet.com) TheStreet said Burry described the position as about 3% of notional value and tied it to his view that the artificial intelligence rally looks like a bubble. The same report said Nvidia shares were down 2% over the prior six months and up 1.2% year to date, even after gaining about 65% over the prior year. (thestreet.com) Public filings still lag that debate. The Securities and Exchange Commission says Form 13F data is published quarterly and, as of April 12, 2026, the posted data sets run through February 2026, so any April position change described by Burry would not yet appear in the latest quarterly file. (sec.gov) So Huang is defending California and Nvidia at the same time: keep building here, keep buying the future. Burry’s wager says the market may be less willing to pay any price for that story. (timesofindia.indiatimes.com)